Bangladesh Power Development Board (BPDB) has renewed its power purchase agreement (PPA) with PowerPac Mutiara Keraniganj Power Plant Limited for its 100 MW rental plant in Keraniganj for next two years.

The signing ceremony took place at the boardroom of BPDB, Biddut Bhaban in the capital on Wednesday.

BPDB Secretary Mohammad Salim Reza and Managing Director of PowerPac Limited Ron Haque Sikder signed the agreement on behalf of the respective organisations.

The agreement is titled as the ‘Second amendment to the contract for supply of power on rental basis for two years’.  

BPDB Member Mohammad Shamsul Haque, Chief Engineer (Private Generation) ABM Ziaul Hauq, Chief Operating Officer (COO) of Sikder Group Syed Qamrul Islam (Mohon) and senior officials from both the organisations were also present on the occasion.

Addressing the signing ceremony, Ron Haque Sikder said his company will resume generation and supply power to the national grid within the shortest possible time.

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He thanked the BPDB officials for taking all-out measures in successful arrangement of the deal with PowerPac Mutiara Keraniganj Power Plant Ltd.

BPDB Member Mohammad Shamsul Haque urged the PowerPac authorities to start functioning at the power plant soon.

He said the agreement mentions that it will come into effect from the very day the deal is signed between the two parties. So, as now the agreement is signed it is expected that the power plant will start generating electricity immediately, which will be beneficial for both the government as well for the PowerPac.

BPDB Chief Engineer ABM Ziaul Haque said the location of the PowerPac Mutiara Keraniganj Power Plant is too close to the capital city, which is a big plus point and that’s why sooner the production starts here is the better for both PowerPac and the BPDB.